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| Price $10,215,000 | Built/Renov 2024 | Tenant In-N-Out Burger (GL) |
| Cap Rate 3.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,860
| Lease Start
11-01-2024
| #Units
400
|
| Price/SF $2,646.37 | Expiration
10-31-2044
| Tenant Type Fast Food/QSR |
| NOI $357,526 | R. Term 19.10 | Ownership Ground Lease |
| Rent/SF
$92.62
| Increases 10.0%/5/yrs | Pop 5Mi 368,852 |
| Lot/AC 1.58 | Options 4/5yrs/10% | AHHI 5Mi $113,779 |
| | |
In-N-Out Burger is strategically located at the signalized, hard-corner intersection of S Main Street and 2100 South, with access to a substantial combined daily traffic count of 66,100 vehicles. The property is in close proximity to Interstate 15 (over 311,000 VPD) and Interstate 80 (over 136,000 VPD). Additionally, it is adjacent to the highly desirable Sugar House neighborhood, known for...
...New construction
Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee
In-N-Out Burger is an American regional chain of fast food restaurants with locations primarily in California and the Southwest. It was founded in Baldwin Park, California, in 1948 and is...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 17,889 | 166,772 | 386,917 |
| 2024 Total Population : | 16,554 | 157,886 | 371,284 |
| 2024 Employed Civilian Pop : | 10,045 | 98,016 | 219,786 |
| 2024 Total Businesses : | 1,165 | 9,706 | 18,439 |
| 2024 Average Household Income : | $ 85,008 | $ 108,510 | $ 113,835 |
| 2024 Total Consumer Spending : | $ 591 M | $ 6653 M | $ 15489 M |
| 2024 Median Age : | 35 | 33 | 33 |
| 2024 Total Households : | 7,820 | 69,791 | 154,984 |
| 2024 Pop Age 25+: Bachelor's Degree : | 3,064 | 31,263 | 69,420 |
| 2024 Average Home Value : | $ 509,920 | $ 588,066 | $ 619,417 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
